On February 20, 2019, Moj.io Inc. (Moj.io) announced the closing of its oversubscribed US$40 million Series B Round to accelerate the global growth of its carrier-grade connected car solutions. This was the final close of Moj.io’s Series B Round which saw several strategic investors participate throughout closings in 2018. The round was led by Kensington Capital Partners and attracted new strategic investments from Assurant, Bosch and T-Mobile. All major investors from previous rounds participated again, including the Amazon Alexa Fund, BDC IT Venture Fund, Deutsche Telekom Capital Partners and Relay Ventures.
Moj.io, Inc., is a cloud-based connected car platform, headquartered in Vancouver, British Columbia, and has been ranked the second fastest-growing tech company in Canada by Deloitte in 2018.
Kensington Capital Partners, headquartered in Toronto, Ontario, is a leading Canadian investment firm in alternatives assets, with over $1.1 billion invested to date in venture capital, private equity, hedge funds and infrastructure.
Osler, Hoskin & Harcourt LLP represented Moj.io with a team that consisted of Mark Longo, Jacques Du Plessis, Jacob Young and Christina Brown (Emerging and High Growth, Corporate).